9/23/2020, 1:08 PM (Source: TeleTrader)
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EU grants Spain €1.2 billion to combat crisis

The European Commission approved on Wednesday the changes of nine cohesion policy operational programs to grant Spain €1.2 billion from the European Regional Development Fund to combat the economic crisis caused by the coronavirus pandemic.

"I am glad to see that Spain and its outermost region are taking advantage of the EU cohesion policy flexibility measures put into place to support citizens, businesses, and the health sector in their daily efforts against the virus," Commissioner for Cohesion and Reforms Elisa Ferreira said.

Spain has been one of the countries most hit by the pandemic and the crisis it propelled. More recently, the country received €140 billion from the European Union's recovery fund and allocated €4.3 billion to aid the tourist sector.

Breaking the News / JR